Gen Digital

On January 10, 2020, the Compensation and Leadership Development Committee of the Board of Directors of the Company approved an additional cash award for Matt Brown, interim Chief Financial Officer, of $25,000 for each month that Mr. Brown serves as interim Chief Financial Officer from November 7, 2019, the date of Mr. Brown’s appointment. The cash award will be payable to Mr. Brown in a lump sum upon the appointment of a permanent Chief Financial Officer.

On December 5, 2019 (the “ Effective Date ”), the Compensation and Leadership Development Committee of the Board of Directors of NortonLifeLock Inc. (the “ Company ”) approved a severance benefit agreement (the “ Agreement ”) for the Company’s President, Samir Kapuria, in connection with the Company’s completed sale of certain assets of the Company’s enterprise security business to Broadcom Inc. on November 4, 2019. Pursuant to the Agreement, (in lieu of benefits under any other similar plan or agreement following termination by the Company without cause or death) if Mr. Kapuria is terminated by the Company without cause or upon his death prior to December 31, 2020, Mr. Kapuria shall be entitled to receive (a) a cash payment equal to Mr. Kapuria’s annual base salary, (b) a cash payment equal to Mr.

On December 6, 2019, NortonLifeLock Inc. (the “Company”) announced that Amy L. Cappellanti-Wolf, its Senior Vice President and Chief Human Resources Officer, will resign from her position effective December 13, 2019 in connection with the Company’s completed sale of certain assets of the Company’s enterprise security business to Broadcom Inc. on November 4, 2019.

On November 10, 2019, the Board of Directors of the Company approved a grant to Mr. Pilette of time-based restricted stock units ("RSUs") with a total value of $2,000,000 pursuant to the terms of the Company's 2013 Equity Incentive Plan and subject to the standard terms and conditions of the Company's form of RSU award agreement. Such grant will be made in accordance with the Company's standard equity grant practices. These RSUs will vest in full on December 31, 2020, provided Mr. Pilette continues to serve as the Company's Chief Executive Officer on the vesting date. Mr. Pilette will be entitled to pro-rated vesting on the RSUs if he is terminated by the Company other than for cause prior to the vesting date.

On November 7, 2019, the Company announced that Richard S. “Rick” Hill, the Company’s interim President and Chief Executive Officer is stepping down, effective November 8, 2019, and will be concurrently succeeded by the Company’s current Chief Financial Officer, Vincent Pilette, who will become the Company’s Chief Executive Officer, and that at the same time, the Company’s current Executive Vice President, Cyber Security Services, Samir Kapuria, will become the Company’s President and the Company’s current Chief Accounting Officer, Matt Brown, will become the Company’s interim Chief Financial Officer. Mr. Pilette, age 47, has been appointed to serve as the Company’s Chief Executive Officer, effective November 8, 2019. From May 2019 to November 2019, he served as the Company’s Chief Financial Officer.

On August 30, 2019, Symantec Corporation (the “ Company ”) and Richard S. Hill, the Company’s Interim President and Chief Executive Officer, entered into a transition services agreement (the “ Transition Services Agreement ”) in connection with the sale of certain assets of the Company’s enterprise security business to Broadcom Inc. as disclosed on a Current Report on Form 8-K, filed by the Company with the Securities and Exchange Commission on August 8, 2019 (the “ Asset Sale Transaction ”). The Transition Services Agreement provides that Mr. Hill will resign from his role as Interim President and Chief Executive Officer following the closing (the “ Closing ”) of the Asset Sale Transaction at such time as determined by the Board (but not later than December 31, 2019) (the “ Resignation Date ”). Mr.

Retention Arrangements On August 21, 2019, the Compensation and Leadership Development Committee (the “ Committee ”) of the Board of Directors (the “ Board ”) of Symantec Corporation (the “ Company ”) approved enhanced severance and retention arrangements (the “ Retention Arrangements ”) for certain executives of the Company, including Vincent Pilette, the Company’s Executive Vice President and Chief Financial Officer, Scott C. Taylor, the Company’s Executive Vice President, General Counsel and Secretary and Amy L. Cappellanti-Wolf, the Company’s Senior Vice President and Chief Human Resources Officer (the “ Executives ”) in connection with the sale of certain assets of the Company’s enterprise security business to Broadcom Inc.

On June 10, 2019, the Compensation and Leadership Development Committee (the “ Committee ”) of the Board of Directors (the “ Board ”) of Symantec Corporation (the “ Company ”) approved the FY20 Senior Executive Annual Incentive Plans (the “ Annual Incentive Plans ”) for the Company’s named executive officers. Under the terms of the Annual Incentive Plans, the named executive officers will be eligible to receive performance-based incentive bonuses based on the Company’s achievement of targeted non-GAAP revenue and non-GAAP operating income margin for fiscal year 2020, as detailed below. For our anticipated named executive officers for fiscal 2019, the target funding under the FY20 Executive Annual Incentive Plans are as follows: for Richard S.

On May 24, 2019, the Company and Mr. Hill entered into an at-will employment agreement regarding the terms of Mr. Hill’s employment as the Company’s Interim President and Chief Executive Officer (the “Agreement”). A summary of the material terms and conditions of the Agreement is set forth below. The summary is qualified in all respects by reference to the Agreement, which is attached as Exhibit 10.01 hereto and is incorporated herein by reference. Mr. Hill’s Employment Agreement . Employment Term. The term of the Agreement is one year from May 9, 2019 (the “Start Date”), or until the earlier of the appointment of a permanent Chief Executive Officer of the Company unless earlier terminated by a vote of a majority of the independent directors of the Board of Directors of the Company (the “Board” and the term of the Agreement, the “Employment Term”). Base Salary and Bonus. Mr.

Chief Executive Officer Transition On May 9, 2019, the Company announced the appointment of Richard S. “Rick” Hill, 67 years old, as its interim President and Chief Executive Officer. Mr. Hill has served as a member of the Company’s Board of Directors (the “Board”) since January 2019 and will continue to serve on the Board. Mr. Hill has served as Chairman of the board of directors of Marvell Technology Group Ltd., a semiconductor company, since May 2016 and as a member of the boards of directors of Arrow Electronics, Inc., an electronic components and enterprise computing solutions company, since 2006, Cabot Microelectronics Corporation, a chemical mechanical planarization supplier, since June 2012, and Xperi, an electronic devices development company, since August 2012 and as its Chairman since March 2013. Previously, Mr.

On January 31, 2019, Symantec Corporation (the “Company”) announced that Nicholas R. Noviello will be stepping down from his role as the Company’s Executive Vice President and Chief Financial Officer in the coming months to pursue other opportunities. Mr. Noviello will continue as the Company’s Executive Vice President and Chief Financial Officer until a successor is appointed and will remain with the Company in order to ensure a smooth transition. The Company has initiated a search to identify a new Chief Financial Officer. On January 31, 2019, the Company also entered into a Transition Services Agreement with Mr. Noviello (the “Transition Services Agreement”) for transition services through August 14, 2019 (the “Transition Period”) pursuant to which Mr.

On January 31, 2019, the Company announced that its Board of Directors (the “Board”) appointed Matthew Brown, 38, who is currently its Vice President, Finance and Corporate Controller, to the position of Vice President, Finance and Chief Accounting Officer effective as of January 31, 2019. The press release is filed as Exhibit 99.01 to this report and is incorporated herein by reference. Mr. Brown joined the Company as Vice President, Finance in August 2016 following the Company’s acquisition of Blue Coat, Inc. (“Blue Coat”), where he had served since October 2015, most recently as Vice President, Corporate Controller. Previously, he served in various positions at NETGEAR, Inc., a computer networking hardware company, from 2010 to October 2015, most recently as Senior Director, Assistant Controller. Mr. Brown holds a B.S. degree in business administration from the Walter A.

On January 8, 2019, Symantec Corporation (the “Company”) announced that its Board of Directors (the “Board”) appointed Sue Barsamian and Richard S. “Rick” Hill as members of the Board, effective January 7, 2019. Ms. Barsamian previously served as the Executive Vice President, Chief Sales and Marketing Officer of Micro Focus International Newbury, UK from September 2017 through April 2018 and as the Executive Vice President, Chief Sales and Marketing Officer, HPE Software at Hewlett Packard Enterprise from November 2016 to September 2017. From 2006 to November 2016, Ms. Barsamian served in various executive roles at Hewlett Packard including SVP and GM of Enterprise Security Products, the company’s cybersecurity portfolio and SVP of Worldwide Indirect Sales. Prior to joining Hewlett Packard, Ms.

The stockholders of Symantec Corporation (the “Company”) approved amendments to the Company’s 2013 Equity Incentive Plan, as amended (the “EIP”) and amendments to the Company’s 2008 Employee Stock Purchase Plan, as amended (the “ESPP”) at the Annual Meeting of Stockholders of the Company held on December 3, 2018 (the “Annual Meeting”). The Board of Directors of the Company approved the amendments to the EIP in August and October 2018, subject to stockholder approval at the Annual Meeting and approved the amendments to the ESPP in January 2018, subject to stockholder ratification at the Annual Meeting. Accordingly, the EIP amendment and the ESPP amendment became effective upon stockholder approval at the Annual Meeting.

On November 29, 2018, Symantec Corporation (the “Company”) announced that Michael Fey, the Company’s President and Chief Operating Officer, has resigned from his positions with the Company, effective immediately (the “Separation Date”). Greg Clark, the Company’s Chief Executive Officer, has been appointed to the additional position of President effective as of the Separation Date. The Company has entered into a Separation Agreement and General Release of All Claims (the “Agreement”) with Mr. Fey dated November 28, 2018. Under the terms of the Agreement, Mr.

of this Current Report on Form 8-K; and (vi) to provide Mr. Hill with customary Board observer rights until the date that Mr. Hill is appointed to the Board. With respect to the 2018 Annual Meeting, Starboard has agreed to, among other things, vote all shares of the Company’s common stock beneficially owned by Starboard in favor of the Company’s director nominees and, subject to certain conditions, vote in accordance with the Board’s recommendations on all other proposals. In the event that the Company does not hold the 2018 Annual Meeting before December 4, 2018, at such time, Mr. Miller and Ms. Laybourne will resign from the Board and Mr. Hill will be appointed to the Board.

On June 29, 2018, the Compensation and Leadership Development Committee (the “ Committee ”) of the Board of Directors (the “ Board ”) of Symantec Corporation (the “ Company ”) approved the FY19 Senior Executive Annual Incentive Plans (the “ Annual Incentive Plans ”) for the Company’s named executive officers. Under the terms of the Annual Incentive Plans, the Company’s named executive officers will be eligible to receive performance-based incentive bonuses based on the Company’s achievement of targeted non-GAAP revenue and non-GAAP operating income for fiscal year 2019, as detailed below. For the Company’s named executive officers, the target funding under the FY19 Executive Annual Incentive Plans are as follows: for Gregory C. Clark, 150% of annual base salary at 100% achievement; for Nicholas R. Noviello, 100% of annual base salary at 100% achievement; for Michael D.

On June 6, 2018, Symantec Corporation announced that Francis C. Rosch, its Executive Vice President, Consumer Digital Safety, will resign from his position effective June 29, 2018 to pursue other opportunities.

The stockholders of Symantec Corporation (the “Company”) approved amendments to Company’s 2013 Equity Incentive Plan, as amended (the “EIP”), at the Annual Meeting of Stockholders of the Company held on October 5, 2017 (the “Annual Meeting”). The Board of Directors (the “Board”) of the Company approved the amendments to the EIP in August 2017, subject to stockholder approval at the Annual Meeting. Accordingly, the EIP amendments became effective upon stockholder approval at the Annual Meeting. The Company’s named executive officers may participate in this plan.

On August 7, 2017, Symantec Corporation (the “Company”) announced that Mark Garfield, its Senior Vice President and Chief Accounting Officer, resigned from his position effective August 7, 2017. Mr. Garfield has agreed to continue to serve in an advisory capacity with the Company through October 2017. Mr. Garfield’s decision to leave the Company was not due to any disagreement relating to the Company’s management, policies, or practices. Nicholas R. Noviello, the Company’s Executive Vice President and Chief Financial Officer, assumed the responsibilities of Principal Accounting Officer effective August 7, 2017. Mr. Noviello previously served as the Principal Accounting Officer and Principal Financial Officer at NetApp, Inc. from January 2012 through January 2016.

On June 23, 2017, the Compensation and Leadership Development Committee (the “ Committee ”) of the Board of Directors (the “ Board ”) of Symantec Corporation (the “ Company ”) approved the FY18 Senior Executive Annual Incentive Plans (the “ Annual Incentive Plans ”) for the Company’s named executive officers. Under the terms of the Annual Incentive Plans, the named executive officers will be eligible to receive performance-based incentive bonuses based on the Company’s achievement of targeted non-GAAP revenue and non-GAAP operating income for fiscal year 2018, as detailed below. For our named executive officers, the target funding under the FY18 Executive Annual Incentive Plans are as follows: for Gregory C. Clark, 150% of annual base salary at 100% achievement; for Nicholas R. Noviello, 100% of annual base salary at 100% achievement; for Michael D.

On November 3, 2016, Symantec Corporation (the “Company”) announced in a press release that Thomas Seifert, Executive Vice President and Chief Financial Officer of the Company, provided notice to the Board of Directors (the “Board”) of the Company that he would resign from his position as Chief Financial Officer of the Company effective November 30, 2016. On November 3, 2016, the Company also announced that Nicholas Noviello, 47, has been appointed Executive Vice President and Chief Financial Officer of the Company, effective on December 1, 2016. Mr. Seifert has agreed to continue to serve in an advisory capacity with the Company through March 2017 to assist in an orderly transition of responsibilities. The press release is filed as Exhibit 99.01 to this Form 8-K and is incorporated by reference herein. Mr.

(d) Appointment of Executive Officers Consistent with prior disclosures, on August 1, 2016, Gregory Clark became the Company’s Chief Executive Officer and member of the Board and Michael A. Brown ceased serving as the Chief Executive Officer and member of the Board of the Company. In addition, Michael Fey became the Company’s President and Chief Operating Officer. For a description of Mr. Clark’s employment arrangement, please refer to

Appointment of President and Chief Operating Officer On July 11, 2016, Symantec Corporation (the “Company”) announced the appointment of Michael Fey as its President and Chief Operating Officer, effective upon, and subject to, the closing of the merger pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, S-B0616 Merger Sub, Inc. and Blue Coat, Inc. (“Blue Coat”, and such closing of the merger the “Closing”). Mr. Fey, age 41, has served as the President and Chief Operating Officer of Blue Coat since December 2014. Prior to joining Blue Coat, Mr. Fey held a variety of positions at the Intel Security Group from 2012 until 2014, including Executive Vice President, Chief Technology Officer, and General Manager of Corporate Products. Previously, Mr.

On June 25, 2016, the Compensation and Leadership Development Committee (the “ Committee ”) of the Board of Directors (the “ Board ”) of Symantec Corporation (the “ Company ”) approved the FY17 Senior Executive Annual Incentive Plans (the “ Annual Incentive Plans ”) for the Company’s named executive officers. Under the terms of the Annual Incentive Plans, the Company’s named executive officers will be eligible to receive performance-based incentive bonuses based on the Company’s achievement of targeted non-GAAP revenue and non-GAAP operating income for fiscal year 2017, as detailed below. For the Company’s named executive officers, the target funding under the Annual Incentive Plans are as follows: for Michael Brown, 150% of annual base salary at 100% achievement (subject to the applicable payout restrictions and proration as set forth in Mr.

Appointment of Chief Executive Officer On June 12, 2016, the Company announced that, in connection with the Merger, the Board has appointed Gregory Clark, the current chief executive officer of Blue Coat, as its Chief Executive Officer and a member of the Board effective upon, and subject to, the Closing. Mr. Clark, age 51, has served as the chief executive officer of Blue Coat and as a member of Blue Coat’s board of directors since September 2011. Prior to joining Blue Coat, Mr. Clark was the president and chief executive officer of Mincom, a global software and service provider to asset-intensive industries, from 2008 to August 2011. Before joining Mincom, Mr. Clark was a founder and served as president and chief executive officer of E2open, a provider of cloud-based supply chain software, from 2001 until 2008. Earlier in his career, Mr.

On April 28, 2016, the Company announced that it is initiating a Chief Executive Officer transition process as approved by the Company’s Board of Directors on April 24, 2016. Effective April 28, 2016, the Company’s President and Chief Executive Officer, Michael A. Brown, will serve as the Company’s Chief Executive Officer for a period ending not later than October 28, 2016 (the “Transition Date”) to facilitate an orderly transition of his duties and responsibilities through the Transition Date. Mr. Brown will also continue to serve on the Company’s Board of Directors through the Transition Date. In addition, beginning on April 28, 2016, Mr. Brown will step down from his role as the Company’s President and Dr. Ajei S. Gopal will begin serving as the Company’s interim President and Chief Operating Officer. The Company has commenced a search for a successor to Mr.

(d) In connection with the Closing, on March 4, 2016, Ken Hao, Managing Partner and Managing Director of Silver Lake, was appointed by the Board of the Company as an independent director of the Company. Mr. Hao’s appointment is effective on March 4, 2016. On the date of his appointment, Mr. Hao was not appointed to any committees of the Board. Mr. Hao was appointed to the Board pursuant to the Investment Agreement, as amended. Pursuant to the Investment Agreement, as amended, for so long as Silver Lake has rights to nominate a director to the Board, the Company has, subject to the approval of its Nominating and Governance Committee of the Board, agreed to include such person in its slate of nominees for election to the Board at each of the Company’s meetings of stockholders in which directors are to be elected and to use its reasonable efforts to cause the election of such person.